Drexel School Group INC

Tax-deductible

Belmont, NC501(c)(3)EducationEIN 92-0521141

The mission of drexel high school is to form students in truth, encourage them in wander, educcate them in liberal arts and sciences, and prepare them for a life as capable and responsible chuildren of god committed to knowing, loving, and serving god through their work, leasure and prayer.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $17K a year · 7% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $89K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$219
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$447K
+80% vs prior year
Spent
$415K
To programs
100%
Net assets
$44K
By yearFY2023–FY2025
Revenue
$447K
FY2025▲ +80%
Revenue by fiscal year
FY2023$36K
FY2024$248K
FY2025$447K
Expenses
$415K
FY2025▲ +72%
Expenses by fiscal year
FY2023$25K
FY2024$242K
FY2025$415K
Net assets
$44K
FY2025▲ +147%
Net assets by fiscal year
FY2023$12K
FY2024$18K
FY2025$44K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $415K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
See Drexel School Group INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates students in arts, sciences, and faith for responsible lives.

Provided by the organization

This section is blank until Drexel School Group INC claims this page.

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1 program service account for $415K of program spending, described in the organization's own filed words · FY2024.
01

The mission of drexel high school is to form students in truth, encourage them in wander, educate them in librel arts and sciences, and prepare them for life as capable and responsible children of god committed to knowing, loving, and serving god through their work, leisure, and prayer.

$415Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$89K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$447K
Ln 12
Gifts and grantsLn 1h$446K
Investment incomeLn 3$858
Money outPt IX
$415K
Ln 25
Programscol B$415K
Owns and owesPt X
$44K
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$44K
LiabilitiesLn 26$219
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$446K
Government grantsLn 1e$219K
Investment incomeLn 3$858
Total revenueLn 12$447K
Assets in detailPt X, end of year
CashLn 1$44K
Cash and savings togetherLn 1–2$44K
Total assetsLn 16$44K
LiabilitiesLn 26$219
Net assetsLn 32$44K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$18K$44K
Total assetsLn 16$18K$44K
LiabilitiesLn 26$257$219
Net assetsLn 32$18K$44K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$273K$273K
Payroll taxesLn 10$21K$21K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$22K$22K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$688$688
OccupancyLn 16$65K$65K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$415K$415K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $447K$415K$32K$44K 990 PDF
FY2024 $248K$242K$6K$18K 990 PDF
FY2023 $36K$25K$12K$12K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $446,962 across 5 lines filed
VIII-1e Government grants$218,787
VIII-1f All other contributions, gifts and grants$227,317
VIII-1h Total contributions, gifts and grants$446,104
VIII-3 Investment incomeRelated to mission $858$858
VIII-12 Total revenueRelated to mission $858$446,962
Part IX · Statement of functional expenses $415,126 across 10 lines filed
IX-7 Other salaries and wagesPrograms $273,085$273,085
IX-10 Payroll taxesPrograms $21,185$21,185
IX-11b Legal feesPrograms $1,050$1,050
IX-11c Accounting feesPrograms $2,100$2,100
IX-11g Other fees for servicesPrograms $22,449$22,449
IX-12 Advertising and promotionPrograms $16,379$16,379
IX-13 Office expensesPrograms $688$688
IX-16 OccupancyPrograms $64,592$64,592
IX-23 InsurancePrograms $1,658$1,658
IX-24 Other expenses (24a–d)Programs $11,940$11,940
IX-25 Total functional expensesPrograms $415,126 · Management $0 · Fundraising $0$415,126
Part X · Balance sheet $44,262 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $18,060$44,262
X-16 Total assetsStart of year $18,060$44,262
X-25 Other liabilitiesStart of year $257$219
X-26 Total liabilitiesStart of year $257$219
X-27 Net assets without donor restrictionsStart of year $17,803$44,043
X-32 Total net assets or fund balancesStart of year $17,803$44,043
X-33 Total liabilities and net assetsStart of year $18,060$44,262
Part XI · Reconciliation of net assets $44,043 net assets at year end
XI-1 Total revenue$446,962
XI-2 Total expenses$415,126
XI-3 Revenue less expenses$31,836
XI-4 Net assets at start of year$17,803
XI-8 Prior period adjustments−$5,596
XI-10 Net assets at end of year$44,043

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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